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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | R780E Zone | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 9/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 25-9-2018: Fission Uranium Corp. announces an Exploration/Drilling Update report for its R780E Zone deposit at the Patterson Lake South project. Drilling results incl. 50.50m @ 8.21% U3O8 from 115.5m. FISSION URANIUM CORP. ("Fission" or “the Company") is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ross McElroy (Internal) | |
| ABSTRACT: | FISSION URANIUM CORP. ("Fission" or “the Company") is pleased to announce assay results from nine holes drilled during its summer 2018 program at its’ PLS property in Canada's Athabasca Basin region. All nine holes, which were targeting potential growth and resource-upgrade areas of the Triple R deposit’s R780E zone, returned substantial highgrade intervals. Of particular note is hole PLS18-588 (line 645E) which intersected 76.5m of total composite mineralization, including intervals such as 15.5m @ 23.89% U3O8 in 50.5m @ 8.21% U3O8. The goal of the summer 2018 program was to drill key areas of the R780E zone high-grade that are presently classified as “inferred” and convert them to “indicated”. To that extent, the 9 drill holes intersected width and strength of mineralization where expected and, in some cases, results were greater than expected. The results of the summer 2018 drill program will be included in a new resource estimate that will be used for the upcoming prefeasibility (“PFS”) study. The Company expects to release the PFS study in Q4, 2018. Ross McElroy, President, COO, and Chief Geologist for Fission, commented, “These final assays from summer drilling on the R780E zone include a number of very robust intercepts and have the potential to increase the indicated category of a revised resource estimate that will be used for the resource model in our upcoming pre-feasibility study. The width and grades we have encountered this summer are a reminder of the high quality of mineralization contained within the Triple R deposit, which remains open in multiple directions.” | |
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